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Winn-Dixie to close 30stores, streamline ops

Published Thursday, July 29, 2010

Jacksonville FL-based supermarket chain Winn-Dixie Stores Inc plans to close 30 non-remodeled, underperforming stores. The company also will consolidate its four operating regions into three and reduce its workforce at the field and corporate support levels. Winn-Dixie also reaffirmed its guidance for fiscal 2010, which the firm believes it achieved through effective management of its promotional activity and cost control, despite a deteriorating sales environment in the fourth quarter. Management plans to hold an investor conference call August 31, 2010, to discuss its financial results for fiscal 2010 and provide guidance for fiscal 2011. Peter Lynch, Winn-Dixie ...

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